Gold Prices Decline as Investors Await Key US Economic Data
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#1427aa63 ver:0.34
Gold prices slipped as investors awaited key US economic data and comments from Federal Reserve officials. Spot gold was down 0.5% at $2,321.49 per ounce, while US gold futures dipped 0.6% to $2,334.40. Traders are seeing a 68% probability of a rate cut in September. Major data points to watch are US retail sales, weekly jobless claims, and flash PMIs. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. #GoldPrices #USData #FederalReserve #RateCut...
#newstr #GoldPrices #UsEconomicData #Inflation #InterestRates #RateCut #Silver #Platinum #Palladium
https://here.news/story/1427aa63?ver=0.34
Gold Prices React to Key US Inflation Data /
npub1xh…tan5z
2024-06-17 12:58:10
Author Public Key
npub1xhmwtz5yna37nz5mk2e5hha3n2a6zef0xsc07rlwhkr9rjayysgsatan5zPublished at
2024-06-17 12:58:10Event JSON
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"content": "Gold Prices Decline as Investors Await Key US Economic Data\n===============\t\n#1427aa63 ver:0.34\n\nGold prices slipped as investors awaited key US economic data and comments from Federal Reserve officials. Spot gold was down 0.5% at $2,321.49 per ounce, while US gold futures dipped 0.6% to $2,334.40. Traders are seeing a 68% probability of a rate cut in September. Major data points to watch are US retail sales, weekly jobless claims, and flash PMIs. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. #GoldPrices #USData #FederalReserve #RateCut...\n\n#newstr #GoldPrices #UsEconomicData #Inflation #InterestRates #RateCut #Silver #Platinum #Palladium \n\n https://here.news/story/1427aa63?ver=0.34",
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